At the moment, the online gambling industry is a massive one—in fact, this particular industry is worth billions at this point, making it one of the biggest ones in the entire world. Online gambling is a popular pastime that’s being enjoyed by billions of people across the world regularly. Due to the global health crisis that took the world by surprise, more and more punters have turned to online casinos to satiate their gambling needs.
As such, there was a significant increase in online casino users over the past 1-2 years, many of which are completely new to this industry and platform. If you’re new to online casinos, then we highly recommend that you read reliable online casino guides so that you have a good idea of what to expect and what to look for before signing up.
That being said, whether you’re a newbie or a veteran, there are probably still things you didn’t know about the online gambling scene. That’s why we’ve decided to compile a list of facts about this major industry—some of them might even surprise you.
A Significant Portion of Revenue Is From Online Slots
If you’ve been to a traditional brick-and-mortar casino, then you’ve probably noticed how so many people flock to the slots machines. As a matter of fact, about 80% of all the profit made by land-based casinos is from slot machines alone. Brick-and-mortar casinos typically offer a plethora of different slot machines for players to choose from—there’s definitely not as many tables for poker, blackjack, and other card games.
If you think about it, this makes a lot of sense because anyone can play slots; you don’t need prior gambling experience nor do you need to be a gambling expert, learn more about it. That being said, online slots are just as popular—you can play your favorite games wherever and whenever you want on various platforms. As well known, slot machine games are completely random. In other words, all players have a chance—slim or not—of winning money.
Online Casinos Aren’t Trying to Trick You
Believe it or not, but online casino games are actually fair and reliable. They’re not made to trick or manipulate you to lose a lot of money. Unfortunately, there are many people out there who think negatively about online casinos, not even giving these online platforms a chance to shine. As a matter of fact, there are people who even believe that online casinos are being manipulated behind the scenes in an effort to boost the company’s profits significantly.
We’re here to tell you now that this is completely untrue, and no one is working behind the scenes to ensure you lose. The reason why casinos both online and land-based earn a lot of money is because of something known as a house edge. Every casino game has a specific house edge, and this refers to the money that casinos receive from every game that’s being played.
Here’s an example to make things easier for you to grasp:
Let’s say that your favorite online casino has a particular slots game that has a 95% Return to Player (RTP) percentage. In other words, the game will give back 95% to the players. For instance, there are 10 punters who have spent a total of $1000, with each one spending $100. Due to the slots’ RTP, 95% of that amount will be given back to the players.
There’s always a chance that 9 out of 10 players will lose the $100 they spent, which means that only 1 player will win the $950. Since the RTP is 95%, what happens to the remaining 5%? Well, this is a fine example of what we call the house edge. The 5% of $1000 is $50, and that’s what the casino earns every time.
As you can see, casinos can already earn quite a hefty amount even if they’re not manipulating the game—which means there’s really no need for them to be dishonest. Not only that, but it’s also impossible to manipulate games because these are developed by international gaming providers and not by the casinos themselves.
These providers have strict rules and regulations, and all the games go through a rigorous process to ensure that they are suitable for launch.
Bonuses Aren’t Always a Good Deal
As you may or may not know, most if not all online casinos offer attractive bonuses and promotions to new and old players. Without a doubt, these offers are very intriguing indeed and many users get lured in easily. By using these bonuses, they try to convince you that they have an edge over other casinos and therefore, you should choose them.
When you see that an online casino you’ve got your eyes on has insanely high bonuses, you might think that this is a good enough reason to sign up and start gambling on that site. However, this isn’t always the case. No matter how tempting an offer may be, you still have to consider your options carefully. Here are a few tips to keep in mind:
For one thing, no-deposit bonuses almost always offer good deals. Fortunately, this is a kind of bonus that many casinos offer to their players. Like its name implies, a no-deposit bonus allows you to play a couple of games for free (i.e., you don’t need to deposit anything beforehand). This is typically granted to new users and comes in the form of either free spins or a certain amount of money.
The best part is that you can still win actual money with the free spins or free amount you received. Of course, some of these bonuses will have some restrictions or terms and conditions, depending on the casino. Still, being able to play your favorite games even without spending money is already a huge win.
Conclusion
Without a doubt, gambling is and always has been fun—that’s pretty much why so many people are hooked on this popular hobby. And being able to play games and win money in the comfort of your home—thanks to online casinos—is a major plus. If you’re new to online gambling, you must always be vigilant of the sites you’re joining.
We hope that this article has given you a better understanding of online casinos and gambling in general.
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